Pound Sterling slips day after MPs clear Brexit bill for Theresa May to trigger Article 50

The pound slipped against the euro and the dollar on Tuesday, a day after MPs and Lords passed a bill paving the way for Theresa May to kick off the Brexit process by triggering Article 50.

In early trading in London the pound was hovering around $1.214 against the dollar.

On Monday, it had jumped after Scotland‘s First Minister Nicola Sturgeon demanded another independence referendum, to be held in late 2018 or early 2019.

Strategists said that the volatile nature of the currency in recent days likely provides a taste of things to come.

Dean Turner, an economist

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